Resignation of the vice-president Giulio Gallazzi

Resignation of the vice-president Giulio Gallazzi

2018-06-11T18:51:08+00:0011.06.2018|Press Release|

The Board of Directors of TerniEnergia, smart company listed on MTA of Borsa Italiana and part of the Italeaf Group, met today, took note of the resignation with immediate effect of the board member and vice-president of the Company, Mr. Giulio Gallazzi. The decision was taken by Mr. Gallazzi believing that a further presence in the Board of Directors of TerniEnergia could no longer bring added value to the Board works, disagreeing himself with the path that the Company intended to undertake, preferring solutions aimed at a disposal of owned assets to be combined with agreements for the restructuring of bank debt, postponing a possible strengthening of equity to a later stage; the latter action, considered by Mr. Gallazzi, however, essential and priority over any other action.

The Board of Directors of TerniEnergia, taking note of the irrevocable resignation, thanked Giulio Gallazzi for the important and positive contribution made to the Company.

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